Penobscot Wealth Management Trims Position in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Penobscot Wealth Management cut its position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 13.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,742 shares of the company’s stock after selling 2,524 shares during the period. Penobscot Wealth Management’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPSM. Creative Financial Designs Inc. ADV increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 14.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 4,640 shares of the company’s stock worth $189,000 after purchasing an additional 582 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 13.3% in the first quarter. Golden State Wealth Management LLC now owns 60,758 shares of the company’s stock worth $2,477,000 after purchasing an additional 7,147 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 75.0% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 117,400 shares of the company’s stock worth $4,785,000 after purchasing an additional 50,300 shares in the last quarter. Salomon & Ludwin LLC increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 622.2% in the first quarter. Salomon & Ludwin LLC now owns 11,447 shares of the company’s stock worth $467,000 after purchasing an additional 9,862 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 8.4% in the first quarter. Private Trust Co. NA now owns 57,000 shares of the company’s stock worth $2,323,000 after purchasing an additional 4,399 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

Shares of NYSEARCA:SPSM opened at $47.23 on Monday. The firm has a fifty day moving average price of $46.10 and a 200 day moving average price of $43.24. SPDR Portfolio S&P 600 Small Cap ETF has a fifty-two week low of $34.79 and a fifty-two week high of $50.03. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 17.02 and a beta of 1.14.

SPDR Portfolio S&P 600 Small Cap ETF Profile

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that is based on the S&P Small Cap 600 index, a market-cap-weighted index of US small-cap stocks selected by the S&P Committee. SPSM was launched on Jul 8, 2013 and is managed by State Street.